New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 10, 2014
12:25 EDTEBAY, GM, ALLY, RAD, BBBY, RT, IMPVOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite U.S. jobless claims dropping to their lowest level since 2007. Stocks began the session slightly lower following disappointing trade data from China, but the market seemed to briefly try and make a move into positive territory shortly after the opening bell. The attempt was short circuited when the tech-heavy Nasdaq began to weaken and the averages have continued to drift lower throughout the morning, leaving the Nasdaq down more than 2% near noon. ECONOMIC EVENTS: In the U.S., initial claims for unemployment benefits fell to 300K last week, hitting their lowest weekly level since May 2007. However, many discounted the figure, which can be volatile around March and April due to the timing of Passover and Easter, as well as other seasonal factors. Export prices rose 0.8% in March, while import prices grew 0.6%, both of which were greater than expected advances. In China, exports fell 6.6% from a year earlier in March, while imports plunged 11.3%. Economists had predicted year-over-year gains for both. COMPANY NEWS: Shares of eBay (EBAY) fell over 2.5% after the online marketplace operator struck a deal with noted investor Carl Icahn to end his proxy contest before the company’s upcoming annual meeting. The company agreed to Icahn’s suggestion to appoint David Dorman, a founding partner of Centerview Capital Technology, as an independent director and Icahn withdrew both his proposal to separate the company’s PayPal business and his two nominees to the company’s board... Shares of Ally Financial (ALLY), which was formerly the auto finance and financial services arm of General Motors (GM), were lower in their first day of trading following the company's return to the public markets. The Treasury Department, which had been Ally’s majority shareholder after rescuing it during the 2008 financial crisis, raised $2.38 billion by selling 95M shares at $25.00. General Motors made news again as well by confirming that two of its engineers have been placed on paid leave as part of the company's ongoing ignition switch recall probe. MAJOR MOVERS: Among the notable gainers following their earnings reports were drugstore operator Rite Aid (RAD), which rose 10% and casual restaurant owner Ruby Tuesday (RT), which gained 13%. Among the noteworthy losers was home furnishings retailer Bed Bath & Beyond (BBBY), which dropped over 6% after the company's first quarter profit outlook significantly trailed analysts' consensus estimate and the stock was downgraded to Neutral at Bank of America Merrill Lynch. Also lower were shares of data security solutions provider Imperva (IMPV), which plunged 41% after the company slashed its first quarter profit and sales outlook and the stock was downgraded at both Deutsche Bank and Oppenheimer. INDEXES: Near midday, the Dow was down 124.91, or 0.76%, to 16,312.27, the Nasdaq was down 92.72, or 2.22%, to 4,091.18, and the S&P 500 was down 21.90, or 1.17%, to 1,850.28.
News For EBAY;GM;ALLY;RAD;BBBY;RT;IMPV From The Last 14 Days
Check below for free stories on EBAY;GM;ALLY;RAD;BBBY;RT;IMPV the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
August 13, 2014
06:08 EDTEBAYChannelAdvisor reports Amazon July SSS up 40.4%, eBay up 9.7%
Subscribe for More Information
06:07 EDTGMOpel CFO expects to be profitable in Europe by mid-decade, Detroit News reports
Subscribe for More Information
06:04 EDTGMGM workers returning to Warren tech center after flooding, Detroit News reports
Subscribe for More Information
August 12, 2014
16:26 EDTIMPVImperva initiated with a Neutral at Piper Jaffray
Target $29.
09:19 EDTGMGeneral Motors shares washed out, says Sterne Agee
Subscribe for More Information
06:27 EDTEBAYeBay down for U.K., European users, The Next Web reports
Subscribe for More Information
06:21 EDTGMGeneral Motors to streamline international business model, WSJ reports
Subscribe for More Information
August 11, 2014
15:23 EDTGMJPMorgan to hold a conference
Subscribe for More Information
07:05 EDTBBBYDeutsche Bank discusses LBO chatter in Retail space
Subscribe for More Information
06:38 EDTGMGM's ignition switch fund receives 63 death case claims, AP reports
Subscribe for More Information
06:07 EDTGMGM's Lansing plant to halt Cadillac production temporarily, Detroit News reports
General Motors will halt Cadillac production at its Lansing Grand River Assembly Plant for three weeks, effective August 18, the Detroit News reports. According to sources, the halt is due to lower than expected demand for the cars. Reference Link
August 9, 2014
15:40 EDTGMGM loses attempt to dismiss revived ignition-death lawsuit, Bloomberg says
A Georgia judge rejected General Motors' attempt to dismiss a revived lawsuit over the death of woman that precipitated the recall of 2.59M cars over faulty ignition switches, says Bloomberg. Reference Link
August 8, 2014
14:09 EDTGMGeneral Motors announces 269K vehicle recall
Subscribe for More Information
06:47 EDTGMGM aims to unveil new Volt hybrid in six months, Reuters says
GM said that it plans to showcase its newest model of its Chevrolet Volt hybrid electric vehicle in six months, reported Reuters. Company officials did not explain details on the pricing or driving range of the 2016 model, but said the car will be revealed at the North American International Auto Show. Reference Link
August 7, 2014
06:18 EDTGMGM issues recall for certain model year SAABs, Trailblazer EXTs, others
Subscribe for More Information
05:54 EDTRADStocks with implied volatility movement; RAD S
Subscribe for More Information
August 6, 2014
09:36 EDTRADActive equity options trading on open
Subscribe for More Information
08:37 EDTGMGoldman Sachs to hold a field trip
Autos Field Trip travels to Detroit on August 6.
06:24 EDTALLYDeutsche Bank to hold a conference
Summer Bank 1:1 Conference to be held in Boston on August 6.
06:06 EDTEBAYStubHub launching Music app nationwide, AP reports
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use